California: Part V

What do you do when you’re short money? Do you spend less? Go try and earn more? Or do you go and hold your hat on the street?

California can’t t spend less. They won’t do what it takes to earn more. The only option left open to them is to ask you and I for money:

California’s political leaders, who are facing the daunting challenge of closing an estimated $20.7 billion budget deficit this year, are looking to Washington for help. Just don’t call it a bailout.

Senate President Pro Tem Darrell Steinberg, D-Sacramento, said he plans to head to the nation’s capital “early and often” seeking federal assistance. Gov. Arnold Schwarzenegger already has put the federal government on notice that he wants billions he says the state is owed. And outgoing Assembly Speaker Karen Bass, D-Baldwin Vista (Los Angeles County), said she would head east as soon as this month.

Awesome. California continues to drive themselves deeper and deeper into debt and insolvency. And then, when the well is dry, they come running to the Federal government for help.